BlackRock has updated regulatory paperwork for its proposed staking-enabled Ethereum fund, outlining how much Ether it plans to stake and how staking proceeds would be handled inside the trust.
The proposed product, iShares Staked Ethereum Trust, is expected to list on Nasdaq under the ticker ETHB. In the amended filing, BlackRock said the trust would generally stake 70% to 90% of its Ether holdings, while keeping the remainder liquid to cover redemptions, fees, and operational needs.
The filing also describes how stakeholder income would be treated. Staking rewards earned in ETH would accrue to the fund and increase net asset value, with distributions to shareholders planned at least quarterly after fees. Reports on the amended terms indicate BlackRock would retain 18% of staking rewards as part of the structure.
BlackRock said the trust could pause staking if security, regulatory, or operational risks arise. The documents reference institutional custody arrangements, including Coinbase Custody as the custodian, with additional providers potentially supporting staking operations.
The new filing starts the SEC review process, but the fund’s approval timeline typically isn’t triggered until the listing exchange submits a separate 19b-4 proposal. Staking features have returned to the ETF conversation as issuers test a more permissive regulatory environment than under the prior SEC leadership, after earlier applications were pressured to strip yield components.
